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US GDP plunged nearly 35% as over 50 M Americans filed unemployment

July 30, 2020
The FINANCIAL — Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. Department of Labor released the data which shows that another 1.4M Americans filed unemployment claims last week. It is

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